Chase Bank provides its customers with virtual credit card numbers that are unique and temporary. These numbers are intended for use during online transactions, to prevent fraud and unauthorized charges. These virtual numbers are separate from the actual credit card number and are only valid for a limited time, making them useless to fraudsters even if stolen.
To access these virtual credit card numbers, customers must enroll in Chase Pay, a service provided by Chase Bank. Once enrolled, customers can generate a unique virtual credit card number for each online transaction via the Chase Pay app or by logging into their Chase account online. They can then enter this virtual credit card number into the payment form on the merchant’s website as they would with a regular credit card number. The payment is then processed through the virtual credit card number and charged to the customer’s Chase account.
Chase Pay offers extra security measures, including the ability to set spending limits and restrictions on where the virtual credit card number can be used. These measures give customers more control over their online purchases and further protect against unauthorized transactions.
Chase Bank also offers virtual credit card numbers via a partnership with Samsung Pay, a mobile wallet service. Customers can add their Chase credit card to Samsung Pay and use the virtual credit card number generated by the app for online purchases.
In summary, Chase Bank provides virtual credit card numbers to its customers to increase security and protect against fraud and unauthorized transactions. The use of unique, temporary numbers for each online transaction helps ensure customer data is secure and cannot be exploited.